I like estate auctions (typically grandparents pass away and family auctions home) since they typically need a bit of work and usually go below market value.

(One other  reason I'm thinking of AirBnB also is because I do house flips and often they need permits or other delay that take a weeks to pass and in that month I'd like to offset holding costs. )

Secondly I thought using more extra rent to dump money into renovations of the condo so when passed on it has better equity.

We let our tenants know we are looking to sell, and they’ve asked if we would entertain selling to them.

We let our tenants know we are looking to sell, and they’ve asked if we would entertain selling to them.

Lands can also be used for entertainment use are nice options too.Generaly land investments are bit risky compared to single family houses rentals or flips.

My suggestion is to simply do what they have done, what every business does, pass it off on the consumer.  

Or is it beneficial to pass it on in an estate, for the step up in basis, and then we sell without capital gains?

I have a friend who's mom passed away and he is the executor of the property but not on title I believe it is still in probate, he wants to do a lease option on the property it still has  a mortgage on the house and the numbers don't work for a wholesale or even a conventional loan for someone else at this time any suggestions?

The house will be left to my wife when he passes.